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Semmy [17]
3 years ago
9

The following information pertains to the January operating budget for Casey Corporation.

Business
1 answer:
frutty [35]3 years ago
8 0

Answer:

1) Budgeted Cash collections for January = $140,000

2) Budgeted Cash Payment for January = $75,000

Explanation:

The Calculation of Budgeted Cash Collections and Budgeted Cash Payments are all done in the Cash Budget.

Here is an extract considering the details given :

                                                      January

Cash Collections :

Cash Sales (60%×200,000)        $120,000

Credit Sales                                   $20,000

Total                                              $140,000

Cash Payments   :

Administrative costs                      $10,000

Purchases                                      $65,000

Total                                               $75,000

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